Videos and Articles Archive

Lending

6:00 PM July 17, 2009 | Earnings

Mike Cavanagh discusses JP Morgan Chase & Co.'s second quarter results for 2009.

Despite the economic environment, the company reported net income of $2.7 billion on firmwide revenue of $27.7 billion, paid back $25 billion in TARP capital and continued lending

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6:00 PM July 8, 2009 | Lending

Chase helps Gift of Hope, an organ and tissue donor network, expand to a larger facility

... More

3:00 PM June 10, 2009 | Lending

Mike Cavanagh talks to CNBC about TARP repayment

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6:00 PM May 22, 2009 | Lending

Jamie Dimon, CEO JPMorgan Chase

discusses lending and credit... More

6:00 PM May 22, 2009 | Lending

Does JPMorgan Chase have the capital necessary to weather even worse times?

Hear from Michael Cavanagh, JPMorgan Chase CFO... More

6:00 PM May 22, 2009 | Philanthropy

Has it been difficult to devote JPMorgan Chase's resources to philanthropy in such difficult economic times?

Hear from Kim Davis, Managing Director, JPMorgan Chase Global Philanthropy... More

6:00 PM May 22, 2009 | Lending

What is different about lending during a recession?

Hear from Todd Maclin, JPMorgan Chase Commercial Bank CEO... More

10:44 AM May 22, 2009 | Lending

Mike Cavanagh, JPMorgan Chase CFO, discusses moving our economy forward

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Articles

6:00 PM November 10, 2009 | Lending

Chase Commits to Increase Small Business Lending

Chase plans to increase its lending to small businesses by up to $4 billion in 2010, boosting expected new lending to about $10 billion to this vital segment of the U.S. economy....More

3:00 PM November 2, 2009 | Lending

Jamie Dimon discusses the economy, the bailout, and systematic risk with talk show host Charlie Rose

Part 1 | Part 2 ... More

3:00 PM October 13, 2009 | Lending

Introducing a Blueprint for Better Financial Control

... More (pdf)

3:00 PM October 07, 2009 | Lending

Investing in Tomorrow's Technology Leaders

JPMorgan Chase recently celebrated the opening of its Technology Center at Syracuse University, an important part of the bank's unique collaboration with the school. More

3:00 PM September 30, 2009 | Lending

Overdraft? Now Chase puts the choice in your hands.

... More (pdf)

3:00 PM September 29, 2009 | Lending

Los Angeles Times: Chase's Debit Overdraft Policy Bucks Industry Trend

Chase's new overdraft policies give customers more control over their debit cards and the fees they pay, says a Los Angeles Times columnist...More

12:00 PM September 23, 2009 | Lending

Chase to revamp overdraft policies to give customers more control

"We recognize the tremendous growth in our customers' debit-card usage and we're revamping our overdraft policies and posting order to be more consistent with the way they use their accounts today," said Charlie Scharf, head of Retail Financial Services at JPMorgan Chase ...More

12:00 PM September 23, 2009 | Lending

Title: JPMorgan Chase Raises $90 Billion for Non-Profits, Local Governments

JPMorgan Chase raised approximately $90 billion in financing for local governments and nonprofit organizations throughout the country in the past nine months...More

3:00 PM September 17, 2009 | Lending

Getting the Auto Industry Back in Gear

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6:00 PM September 16, 2009 | Lending

A New Era for Managing Card Finances

We believe we have a deep responsibility to do the right thing for our customers and for our shareholders. In that spirit, we've introduced fundamentally different credit card features called Blueprint, offering our customers more control managing their card spending and borrowing. Read the USA Today article ...More

12:00 PM September 10, 2009 | Lending

JPMorgan Chase Lends $15 Billion to U.S. Small- and Mid-Sized Businesses

Lending was up more than 50 percent in the second quarter... More

6:00 PM September 09, 2009 | Lending

CEO Jamie Dimon on the government's economic recovery plan

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6:00 PM September 09, 2009 | Lending

Todd Maclin, Commercial Bank CEO, discusses signs of economic recovery

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6:00 PM September 2, 2009 | Lending

Good News for Philadelphia

The Mayor of Philadelphia announced that J.P. Morgan offered a $275 million loan to help keep the city running at a time when others couldn't answer the call...More

6:00 PM September 2, 2009 | Lending

Getting the auto industry back in gear

JPMorgan Chase Leads Auto Lenders During Crucial Time for Economy ... More

6:00 PM September 1, 2009 | Lending

California gets a $1.5B loan from JPMorgan Chase & Co.

... More (pdf)

6:00 PM August 24, 2009 | Lending

Lending a Hand to the State of California

J.P. Morgan agreed in August to lend $1.5 billion to the state of California to help the government pay vendors and creditors. Read the Los Angeles Times article...More

6:00 PM July 17, 2009 | Earnings

JPMorgan Chase reports net income of $2.7 billion on firmwide revenue of $27.7billion in the second quarter of 2009.

... More (pdf)

3:30 PM July 09, 2009 | Lending

Chase To Accept State of California Registered Warrants from customers.

Chase will accept registered warrants from California customers through July 10 to help them as the state government works to resolve its budget crisis...More

6:30 PM June 11, 2009 | Lending

Our Perspective: Repaying TARP Funds.

Thoughts from CEO Jamie Dimon... More

3:00 PM June 10, 2009 | Lending

A Unified Bank Regulator Is a Good Start

An op-ed by Jamie Dimon, as published in the Wall Street Journal. More

3:00 PM June 10, 2009 | Lending

JPMorgan Chase receives approval to repay $25 Billion in TARP funds in full.

JPMorgan Chase & Co. confirmed that it has received permission today from U.S. regulators to repay in full the $25 billion preferred investment... More

6:00 PM June 5, 2009 | Lending

Together we can help Ohio's economy grow.

These are challenging times for all Americans, and it's no different for those of us in Ohio... More

7:00 PM June 4, 2009 | Philanthropy

Stronger Communities, Stronger Clients

Kim Davis discussed JPM's philanthropy strategy at a recent global philanthropy summit... More

12:00 PM May 28, 2009 | Lending

Dimon Discusses JPM Work to Support Economic Recovery

CEO Jamie Dimon delivered an update on the firm's outlook and discussed how we are providing the capital and credit to support our clients, consumers and the economic recovery... More

6:00 PM May 22, 2009 | Lending Community

JPMorgan Chase Commits an additional $5 billion to Communities

... More

6:00 PM May 22, 2009 | Lending

Our Perspective: "The Big Dig": Understanding What Happened to Credit Markets

Insight by Michael Cembalest, Chief Investment Officer, J.P. Morgan Global Wealth Management... More (pdf)

6:00 PM May 22, 2009 | Lending

JPMorgan Chase Perspective

On moving the industry forward... More

See all videos and articles in: Lending | Mortgages | Environment

Lending...

"Our core business is supporting our customers through our lending operations. We continue to provide credit to our customers, whether they are consumers, mid-sized companies, small businesses, large corporations, not-for-profit organizations and municipalities... More

Featured Perspective

A Unified Bank Regulator Is a Good Start

An op-ed by Jamie Dimon, as published in the Wall Street Journal. More

Helping Customers

Chase helps Gift of Hope,
an organ and tissue donor network, expand to a larger facility... More

Chase helps New Orleans company Garrity Printing save money...More

Lending FAQs

Have a Question? | See All

Is JPMorgan Chase still lending?

Yes. In fact, we never stopped lending. JPMorgan Chase has maintained a strong balance sheet even during this tough economy, which has allowed us to continue providing credit to consumers and businesses without interruption. During the first quarter of 2009, JPMorgan Chase has provided $150 billion in new credit to an estimated 4.5 million consumers (through credit cards, mortgages, auto and student loans), and to small and mid-sized businesses and large corporations.

Is it harder to qualify for a JPMorgan Chase loan?

JPMorgan Chase has always been committed to lending responsibly. Before we provide a loan to a consumer or business we want to ensure that the borrower will be able to pay it back. This is prudent lending. For qualified consumer and business borrowers, getting a loan from JPMorgan Chase remains as possible as ever.

Did JPMorgan Chase pass the government "stress test?"

The results of the Treasury Department's unprecedented review of the financial stability of the nation's 19 largest banks should provide reassurance to all stakeholders as to the ability of the U.S. banking system to withstand the economic downturn. The "stress test" results also validate the fact that the federal govenment's actions over the past year to strengthen the financial system are working. The "stress test" results were very positive for our company, determining that JPMorgan Chase's capital position would remain strong under far more highly stressed conditions than exist today, and that there is no need for the company to raise additional capital at this time. Our existing strong capital base and loan-loss reserves, together with our significant pretax, pre-provision earnings power, will enable us to weather the adverse conditions envisioned by the test, while still maintaining very strong capital ratios, even when excluding TARP preferred stock. JPMorgan Chase has worked hard to maintain its Fortress Balance Sheet and strong capital position in this challenging environment. Importantly, JPMorgan Chase believes that it could handle a substantially worse environment than the government's adverse conditions, even though JPMorgan Chase is not expecting such a scenario. We are committed to supporting healthy economic growth and to doing our part to help our country through these tough times. In particular, we remain committed to safe and sound lending and to being a responsible corporate citizen. In the first quarter of this year alone, JPMorgan Chase lent more than $150 billion to consumers, small businesses, non-profits, municipalities, corporations and others.

What is JPMorgan Chase doing to help people struggling with their mortgages?

At JPMorgan Chase, we understand that these difficult economic times have created challenges for homeowners. We also know that our entire economy is best served when more homeowners can stay in their homes, rather than face foreclosure. That is why since last year we have had in place a program for borrowers whose mortgages are serviced by JPMorgan Chase that helps reduce payments to an affordable level. That is also why we have established 24 Homeowner Centers in cities across the country where mortgage holders can come and receive hands-on help from experts (click here for information on a Homeowner Center in your community). The centers are part of a larger program in which we have lowered payments for well over 80% of the mortgages we modified for borrowers who were behind on Chase-owned loans in the last few months. In the first quarter of 2009, JPMorgan Chase. continued to make progress on its Foreclosure Prevention program, preventing an additional 70,000 foreclosures. This brought total foreclosures prevented to 150,000 since announcement of the program in October 2008. Since early 2007, Chase has helped prevent 330,000 foreclosures, primarily by modifying loan terms. Through our own initiatives and by participating in the Obama administration programs, Chase expects to help a total of more than 650,000 families by modifying more than $110 billion of home loans.

What is JPMorgan Chase doing to help people struggling with their credit card bills?

At JPMorgan Chase, we recognize that during an economic downturn even responsible borrowers may find themselves struggling with credit payments. Our goal is to ensure that we are working with our customers to put in place solutions that allow them to pay off their bills as quickly as possible and in a manner that protects their financial situation. That is why we have expanded our use of flexible payment programs to help those customers experiencing financial distress: In 2008, we saw 600,000 new enrollments in flexible payment programs, and we anticipate and are prepared for that number to increase.

Why did JPMorgan Chase participate in the TARP program?

The U.S. government asked JPMorgan Chase to participate in the TARP program because it was the right thing for the American financial system- not because our bank had any need for capital to maintain solvency. JPMorgan Chase's balance sheet has always been strong, even during these difficult economic times. The decision to participate in TARP was based on our commitment to working with the Treasury Department to support the entire banking system and the economy as whole. Toward that end, it was seen as critical that all major banks participate in TARP in order to inject additional liquidity into the credit markets and to ensure that no bank would reject TARP funds out of fear of a stigma that might cause investors to lose confidence in that bank.

Has JPMC repaid all of the TARP funding that it accepted?

On June 17th, JPMorgan Chase repaid in full the $25 billion preferred stock investment we accepted under the Troubled Asset Relief Program (TARP). It is a testament to our firm's strength and stability that JPMorgan Chase was able to repay American taxpayers, and to be included in the first group of institutions granted permission to repay TARP.

With JPMC's repayment of TARP, what happens now?

There is still a great deal of work ahead for our bank, for the financial industry, and for our country. The repayment of TARP only heightens the sense of responsibility that we all share. JPMorgan Chase remains committed to safe and sound lending; serving our clients and shareholders; helping consumers through mortgage modifications and other programs; supporting charitable giving and community involvement; and managing our company and its assets in a responsible way. Going forward, JPMorgan Chase plans to build on these efforts - continuing to provide credit and liquidity to consumers, companies, communities and non-profits around the world, while maintaining its responsible business practices. It is precisely this longstanding dedication to responsible banking that put us in position to repay TARP in full. And this same commitment is going to continue to guide us as we seek to do our part to build a stronger financial system.

Spotlight on: Ohio. Chase is helping Ohioans: Keep their homes. Get new loans and line of credit. Maintain their businesses. Find out more.